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Milei stated that starting from June 2026, the export tax on wheat and barley will be reduced from 7.5% to 5.5%. According to reports, Milei also announced a reduction in the export tax on soybeans starting from January.

The U.S. Department of Energy stated in a press release that U.S. Energy Secretary Wright has issued an emergency order directing North America's largest grid operator, PJM Interconnection, to work with Constellation Energy to ensure the continued operation of the two units and “minimize costs for the American public.” “The energy that can play a role when it is most needed is essentially the most valuable—this is why natural gas and oil have been particularly important during peak electricity demand over the past year,” Wright said in the statement.

The U.S. Senate confirmed the appointment of Waller on May 13, with him set to succeed Powell as Chairman of the Federal Reserve. However, Powell will continue serving as a member of the Federal Reserve Board until 2028. At 56 years old, Waller will embark on a four-year term as Chairman of the Federal Reserve and a fourteen-year term as a Board member. Trump selected him as a bulwark against further rate hikes. Waller has long stated his desire to reduce interest rates while shrinking the Federal Reserve’s balance sheet. Currently, some Federal Reserve policymakers are considering raising rates to contain inflation triggered by the Iran war. According to minutes released on Wednesday, at the meeting held on April 28-29, most Federal Reserve policymakers believed that if inflation remained above the 2% target for an extended period, “it may become appropriate to take some policy tightening measures.”